CK Finance: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CK Finance
Largest movements
- Cash -€25,021
down €25,021 (-64.2%), from €38,968 to €13,947
mainly Contributions, distributions and other (-€39,457) and Other debts (-€21,212)
- Tangible fixed assets -€6,506
down €6,506 (-5.1%), from €126,484 to €119,978
of which Land and buildings: -€5,460
- Other debts -€21,212
down €21,212 (-48.3%), from €43,915 to €22,704
- Current portion of long-term debt -€8,180
no longer reported in 2025 (was €8,180)
- Tax, wage and social debts -€3,425
down €3,425 (-21.8%), from €15,678 to €12,253
of which Taxes: -€2,855
- Financial charges -€4,989
down €4,989 (-96.1%), from €5,194 to €205
- Other operating charges +€4,227
up €4,227 (+154%), from €2,751 to €6,978
- Gross operating margin +€2,849
up €2,849 (+4.5%), from €63,618 to €66,467
- Financial income -€1,823
down €1,823 (-93.3%), from €1,953 to €130
- Taxes +€1,022
up €1,022 (+8.5%), from €12,042 to €13,064
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,665 | €162,246 | -€31,419 | -16.2% |
| Fixed assets | 21/28 | €126,484 | €119,978 | -€6,506 | -5.1% |
| Tangible fixed assets | 22/27 | €126,484 | €119,978 | -€6,506 | -5.1% |
| Land and buildings | 22 | €122,498 | €117,038 | -€5,460 | -4.5% |
| Plant, machinery and equipment | 23 | €604 | €604 | = | 0.0% |
| Furniture and vehicles | 24 | €3,382 | €2,336 | -€1,046 | -30.9% |
| Current assets | 29/58 | €67,181 | €42,268 | -€24,913 | -37.1% |
| Amounts receivable within one year | 40/41 | €15,240 | €15,545 | +€305 | +2.0% |
| Trade receivables | 40 | €15,240 | €15,545 | +€305 | +2.0% |
| Current investments | 50/53 | €9,885 | €8,316 | -€1,569 | -15.9% |
| Cash at bank and in hand | 54/58 | €38,968 | €13,947 | -€25,021 | -64.2% |
| Deferred charges and accrued income | 490/1 | €3,088 | €4,460 | +€1,372 | +44.4% |
| Total equity and liabilities | 10/49 | €193,665 | €162,246 | -€31,419 | -16.2% |
| Equity | 10/15 | €18,550 | €18,937 | +€387 | +2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €387 | +€387 | |
| Distributable reserves | 133 | - | €387 | +€387 | |
| Amounts payable | 17/49 | €175,115 | €143,309 | -€31,806 | -18.2% |
| Amounts payable after more than one year | 17 | €104,977 | €104,977 | = | 0.0% |
| Financial debts | 170/4 | €104,977 | €104,977 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,138 | €38,331 | -€31,806 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €8,180 | - | -€8,180 | |
| Trade debts | 44 | €2,364 | €3,375 | +€1,011 | +42.8% |
| Suppliers | 440/4 | €2,364 | €3,375 | +€1,011 | +42.8% |
| Taxes, remuneration and social security | 45 | €15,678 | €12,253 | -€3,425 | -21.8% |
| Taxes | 450/3 | €12,608 | €9,753 | -€2,855 | -22.6% |
| Remuneration and social security | 454/9 | €3,070 | €2,500 | -€570 | -18.6% |
| Other amounts payable | 47/48 | €43,915 | €22,704 | -€21,212 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,506 | €6,506 | = | 0.0% |
| Other operating charges | 640/8 | €2,751 | €6,978 | +€4,227 | +154% |
| Gross operating margin | 9900 | €63,618 | €66,467 | +€2,849 | +4.5% |
| Operating profit (loss) | 9901 | €54,361 | €52,983 | -€1,379 | -2.5% |
| Financial income | 75/76B | €1,953 | €130 | -€1,823 | -93.3% |
| Recurring financial income | 75 | €1,953 | €130 | -€1,823 | -93.3% |
| Financial charges | 65/66B | €5,194 | €205 | -€4,989 | -96.1% |
| Recurring financial charges | 65 | €5,194 | €205 | -€4,989 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €51,120 | €52,908 | +€1,787 | +3.5% |
| Income taxes | 67/77 | €12,042 | €13,064 | +€1,022 | +8.5% |
| Profit (loss) for the period | 9904 | €39,079 | €39,844 | +€765 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,079 | €39,844 | +€765 | +2.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.